Pages

Monday, April 24, 2006

Rally in Bonds

Trades
ABX Barrick Gold called away at option expiration
PDLI PDL Biopharma April option call expires worthless
Sell PDLI to finish closing account as I move to another broker. Both ABX and this batch of PDLI are closed at just above break even, with commissions equaling or exceeding my profit.

Bond market continues a modest rally from an oversold condition. TLT is an exchange traded fund of 20-year US Treasuries (chart).

RMBS Rambus which was down on a rumor, gets a positive jury ruling and shoots up. All the options are tanking because a much bigger move was expected on both sides.

TZOO Travel Zoo continues an amazing rally since announcing its earnings. It shot up 42% on the day of the announcement to 29 and is now at 51! Holy Toledo.

Oil leads gold, silver and other metals lower. The steel stock NX I bought on Friday is tanking. ACI Arch Coal another stock I considered is leaping up again. This kind of event keeps me humble.

BEAV B.E. Aerospace up on earnings and I've added it to my watch list.

No comments:

Post a Comment